When it comes to corporate tax accounting in Canada, there are several things that you need to know. For example, if you own a non-resident company, you have to pay corporate income tax on any taxable capital gains. If you are a Canadian resident, you can deduct the cost of […]
The Difference Between Accounting and Taxation in Canada
You should be able to differentiate between Accounting and Taxation in Canada. The former is more specialized and involves a variety of rules that affect how you pay taxes. The latter, on the other hand, applies to the way you manage your finances. The difference between the two is very […]
Online Accounting Programs in Canada
An online accounting program can be a great way to get a job in the accounting field. Many modern businesses rely on the help of accountants and bookkeepers. These professionals need excellent organizational skills, a sharp eye for detail, and a solid knowledge of accounting principles. An online program can […]
What Are the Differences Between CPA and CGA Certifications?
If you are considering becoming an accountant, you may be wondering about the differences between the CPA and CGA. There are a number of advantages to each, so make sure you choose the right one. The following article will provide you with some information that will help you decide. You […]
How to Become a Certified Public Accountant in Canada
Whether you want to become a Certified Public Accountant or just want to know more about the profession, there are a lot of resources available to you. You can learn about the Common Final Examination for Certified Public Accountant Canada, Preparatory courses, and Exams. Taking these courses will help you […]
Dealing With Unfiled Or Late Taxes in Canada
Dealing with unfiled or late taxes in Canada can be a frustrating process. In some cases, you may have to provide extensive documentation or seek assistance from CRA agents in order to get your taxes current. This can lead to severe penalties. In such cases, you may need the assistance […]
Accounting Methods
There are two different methods for accounting for a business’s profit and loss. One is called the cash method, while the other is known as the accrual method. Both rely on the matching principle. You can use either one, or both, during a tax year. If you are not sure […]
Accounting For Income Taxes
The requirements of IAS 12: Income Taxes specify the accounting treatment of income taxes. This standard requires entities to account for the tax consequences of transactions and other events. An entity must also account for deferred tax liabilities. However, many businesses fail to do so. As a result, they may […]
What is QST in Canada?
If you are planning to purchase a product or service in Canada, it is important to understand what the QST is. The QST is a provincial sales tax, similar to the federal goods and services tax. Marketplace facilitators are responsible for charging this tax, whether they are selling goods or […]
What is PST in Canada?
If you’re looking for information on the provincial sales tax (PST), you’ve come to the right place. In this article, we’ll talk about the differences between the PST and GST in Canada, how it affects your wallet, and which provinces have PSTs. We’ll also discuss the HST and GST in […]